-TheWire.in Out of the 144 recorded farmer suicides, over 40 were from outside the Cauvery delta region. Observers and farmers directly attribute demonetisation as one major factor behind the suicides. Tamil Nadu is facing one of its worst agrarian crises since independence. All of the state’s 32 districts have been officially declared as ‘drought-affected’. In a statement issued on January 10, chief minister O. Panneerselvam announced that the move was necessitated following...
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Right to Food activists demand for safeguards to reduce hardships of demonetisation
A press statement issued from the Right to Food Campaign on 27 December, 2016 says that the demonetisation of old currency notes of Rs. 500/- and Rs. 1000/- denomination wreaked havoc on the livelihood security of the poor people. The labouring and toiling masses, who are mostly engaged in the informal sector, have been adversely affected due to the scrapping of old currency notes of Rs. 500/- and Rs. 1000/-...
More »Do not want politics to shift to courts: Supreme Court
-PTI New Delhi: "We do not want politics to shift to the courts," the Supreme Court observed on Thursday while hearing arguments on whether a political party can file and pursue a public interest litigation (PIL). "The apprehension is that this will shift politics to the courts. We do not want this. We do not want politics to shift to the courts," a bench of Justices Madan B Lokur and N V...
More »M Govinda Rao, ex-Director, National Institute of Public Finance and Policy (2003-13), interviewed by S Rajendran (The Hindu)
-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...
More »Rs. 35,000 cr. to ease rural cash crunch -Manojit Saha & Vikas Vasudeva
-The Hindu Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes. Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India’s cash crunch over the next 40 days, with a war chest of Rs. 35,000 crore for providing credit to farmers by December. The Centre also relaxed its demonetisation policy for high-value currency notes further by allowing farmers to buy seeds...
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